Mortgage and Finance Brokers Breaking News - The Adviser

Brokers urged to help SMEs brace for ‘D-day’

by Reporter • 26 Aug 2020

Brokers have been encouraged to prepare for the resumption of debt obligations following the expiry of COVID-related... READ MORE

Non-bank launches loan product for self-employed

by Malavika Santhebennur • 26 Aug 2020

Better Choice Home Loans has launched a new home loan product for self-employed borrowers with no risk fee or LMI. READ MORE

Brokerage awarded B Corp certification

by Malavika Santhebennur • 26 Aug 2020

A Sydney-based brokerage is the first specialist finance brokerage to have been given a B Corporation certification. READ MORE

Borrowers turn to government stimulus to pay mortgage

by Annie Kane • 25 Aug 2020

An increasing number of people are using government stimulus payments to pay their mortgages or rent, according to new... READ MORE

ANZ extends cashback offer deadlines

by Malavika Santhebennur • 25 Aug 2020

The major bank has extended cashback and drawdown deadlines for borrowers lodging applications to refinance their home... READ MORE

Advice remediation bill exceeds $1bn

by Reporter • 25 Aug 2020

Banks and financial services institutions have incurred over $1 billion in remediation charges associated with the... READ MORE

Remote working to shift property price trends

by Malavika Santhebennur • 25 Aug 2020

The best performing areas in terms of property prices could change as remote working will make living outside the... READ MORE

Lender closes branches in all but one state

by Annie Kane • 24 Aug 2020

A non-major bank has announced that it is closing all its branches outside of its home state, as it prioritises the... READ MORE

Loan Market joins calls to retain digital VOI

by Reporter • 24 Aug 2020

The broking group has backed calls for the digital VOI to continue to form part of the lending process beyond the... READ MORE

Digital lender introduces tiered variable rates

by Annie Kane • 21 Aug 2020

Neobank 86 400 has introduced tiered variable rates for borrowers, enabling customers with higher deposits to access... READ MORE

Pandemic drains FHB deposit savings

by Charbel Kadib • 21 Aug 2020

Almost 70 per cent of first home buyers have been forced to suspend their home ownership plans after tapping into their... READ MORE

COVID boosts interest in broker channel

by Reporter • 21 Aug 2020

Over a third of Australians are more likely to seek assistance from a mortgage broker now than prior to the COVID-19... READ MORE

RateCity attacks rate hikes for COVID-19-hit borrowers

by Malavika Santhebennur • 21 Aug 2020

Borrowers who move to an interest-only loan following the expiry of their loan deferral period should not be charged a... READ MORE

Hot Property: The biggest property headlines from the week 17-21...

by reporter • 21 Aug 2020

The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 21... READ MORE

SME lender acquires invoice finance platform

by Annie Kane • 20 Aug 2020

CML Group has completed its acquisition of an invoice finance platform, after paying $2.25 million in cash and shares. READ MORE

ANZ earnings double amid retail boost

by Charbel Kadib • 20 Aug 2020

Above-system mortgage and deposit growth has helped bolster the major bank’s earnings over the third quarter,... READ MORE

Educate Australians on property as an asset class, says Bouris

by Annie Kane • 20 Aug 2020

Mortgage brokers have an opportunity to “own” the space of being educators on property as an asset class, YBR... READ MORE

Why brokers should do a stocktake of their processes

by Malavika Santhebennur • 20 Aug 2020

Victoria-based broker Jonathan Lee explains why it is important for brokers to take stock of their business processes... READ MORE

FHBs helping ‘pick up the slack’ amid COVID drag

by Charbel Kadib • 19 Aug 2020

Continued demand for the First Home Loan Deposit Scheme is a reflection of the market’s resilience to the COVID-19... READ MORE

Over a quarter of businesses ‘knocked back’ by lenders

by Reporter • 19 Aug 2020

One in four businesses grappling with the economic fallout from the COVID-19 pandemic has had their application for... READ MORE

Loan Market grows broker network

by Malavika Santhebennur • 19 Aug 2020

Over 150 brokers joined the Loan Market franchise last financial year, which the group attributed to the BID... READ MORE

COVID-19 sees 50% drop in SME loans requested: Lend

by Annie Kane • 19 Aug 2020

The volume of funds requested by SMEs halved in Q420, according to SME lending platform Lend. READ MORE

Clawback arrangements under review

by Charbel Kadib • 18 Aug 2020

The Combined Industry Forum is reviewing clawback arrangements within the broker remuneration model, with a... READ MORE

Bank tightens LVR for fixed-rate loans

by Malavika Santhebennur • 18 Aug 2020

Teachers Mutual Bank has reduced the maximum LVR for fixed-rate home loans with LMI, effective 17 August. READ MORE